Gold ends a four-day losing streak as international bullion prices climb amid easing Middle East tensions.
KARACHI: Gold prices in Pakistan rebounded on Tuesday, ending a four-day losing streak as the precious metal gained Rs2,830 per tola in the local bullion market.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola increased to Rs455,063, compared with the previous day’s closing rate of Rs452,233.
Similarly, the price of 24-karat gold per 10 grams rose by Rs2,547 to Rs389,534 from Rs386,987 recorded a day earlier.
Updated Gold Prices in Pakistan
| Gold Category | Previous Price (Rs) | Current Price (Rs) | Change (Rs) |
| 24-karat Gold (per tola) | 452,233 | 455,063 | +2,830 |
| 24-karat Gold (per 10 grams) | 386,987 | 389,534 | +2,547 |
Bullion traders attributed the recovery in domestic gold prices to the upward trend in international markets.
Market participants said that expectations of easing geopolitical tensions in the Middle East supported investor sentiment, contributing to gains in global bullion prices.
In the international market, gold prices increased by $28 per ounce to settle at $4,326, compared with the previous closing level of $4,298 per ounce.
Local gold prices generally follow trends in the international bullion market while also reflecting movements in the Pakistani rupee against the US dollar. Traders noted that continued developments in global economic conditions and geopolitical events may influence future price movements in the precious metals market.
